Market news
Daily Summary: a rate hike still on the table?
• Expectations for an interest rate hike by the Fed, primarily in July, have been growing, with the pricing reaching 25 basis points, driven by strong data from the US labor market. • The NFP report ...
Gold reacts to higher possiblity of Fed hike
Strong job growth in the US for May means that a rate hike by the Fed during the next two meetings is still on the table. Currently, the market is pricing in a 22 basis point increase for July. It is...
Under Armour extend gains in premarket after Byron's Trott stake
Sportswear and footwear manufacturer Under Armour (UA.US) is extending yesterday's share price gains in pre-market Wall Street trading. Markets are trying to assess the sale by CEO and founder Kevin P...
US Open: Wall Street opens 0.7% higher after ❗
Wall Street is set to open higher on the last day of the week Mixed sentiment after contrary signals from labor market data MongoDB shares rally after Q1 results Wall Street is set to open h...
BREAKING: EURUSD drops below 1.076 after NFP data ❗
US, NFP report for May Non-farm payrolls: 339k vs 190k expected (253k previously) Unemployment rate: 3.7% vs 3.5% expected (3.4% previously) Wage growth (monthly): 0.3% MoM vs 0.3% MoM expecte...
Chart of the day - US30 (02.06.2023)
US indices launched this week's trading on the back foot and moved lower on Tuesday and Wednesday. However, tides turned yesterday as it became more and more likely that Fed will keep rates unchanged ...
Economic calendar: NFP report in the spotlight
European indices set to open higher NFP report for May in the spotlight US Senate approves debt ceiling bill European index futures point to a higher opening of the European cash sessi...
Morning wrap (02.06.2023)
US indices finished the first trading session of a new month with decent gains. S&P 500 gained 0.99%, Dow Jones moved 0.47% higher while Nasdaq surged 1.28%. Russell 2000 added 1.05% Indic...
Daily summary: Positive sentiment on Wall Street ahead of NFP, dollar retreating ❗
Wall Street is gaining following positive ADP and JOLTS data, indicating a strong job market. The US500 is up nearly 1.0%, approaching 4230 points, while the US100 is up 1.30%, nearing 14500 points...
US Open: Wall Street opens higher!
Wall Street extends bullish momentum despite weaker macro data US labor market remains strong C3.ai plummets after new revenue forecasts The House passed debt-limit legislation S&am...
BREAKING: US Crude Oil Stocks rise!
DOE report on US oil inventories. • Oil inventories. Actual: 4.49 mb Expected: -1.2 mb • Gasoline inventories. Actual: -0.21 mb Expected: -0.20mb • Distillate inventories. Actua...
BREAKING: EIA gas storage came higher!
2:30 pm GMT - EIA natural gas storage. Actual: 110 bcf. Expected: 95 bcf. Previous: 96 bcf Working gas in storage was 2,446 Bcf as of Friday, May 26, 2023, according to EIA estimates...
BREAKING: ISM Manufacturing Data Remains in Recession Zone!
USA, PMI index for the manufacturing sector in May (final). Currently: 48.4. Initial publication: 48.5. USA, ISM index for the manufacturing sector in May. Currently: 46.9. Expected: 47.0. Previo...
BREAKING: US Jobless Claims still strong!
US jobless claims came ## analysts's expectations. Jobless Claims: Actual: 232K. Expected 235k. Previous 229k. Data came slightly lower than expected at 232k which suggest that labor marke...
BREAKING: USD jumps after solid ADP data
ADP employment report for May was released today at 1:15 pm BST. Report was expected to show a 170k increase in US employment in the previous month but actual data came in much stronger and showed a 2...
